Entering a long position on USDCAD

1 nov. 2023

We are currently in a previous resistance zone, which might act as a support on the 1H timeframe.

2 nov. 2023

Trade fermée: ordre d’arrêt atteint

support was broken, so instead of canceling the trade, i entered a sell with the same lots' size. this will block the loss as we have the same lotsize for a buy and a sell order.
once the sell order reaches the next support zone, i'll close it in profit, and enter a new buy, hoping to take profit after that and close the old buy with the new one in breakeven or with a small win.

2 nov. 2023

Trade fermée manuellement

closed with a small profit. it's not about winning every trade, but it's all about statistics and risk management.